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Vietnam and Malaysia automotive market growth trends

6 recorded revisions of this situation.

What changed

2026-10-12 00:46 UTC → 2026-10-15 04:21 UTC · added removed

By October 2026, the Vietnamese automotive and motorcycle markets showed continued growth and an increasing shift toward electrification. In the motorcycle sector, the Vietnam Association of Motorcycle Manufacturers (VAMM) reported that Q3 2026 sales reached 686,661 units, a 10.4% year-on-year increase, averaging nearly 7,500 motorcycles sold daily. increase. Honda remains the dominant player, accounting for approximately 81.2% of VAMM’s total sales. The association also expanded its membership with the addition of Kawasaki Motors Vietnam, joining existing members Honda, Yamaha, SYM, Piaggio, and Suzuki. In the automobile sector, Vietnam led the ASEAN-6 region with 31.1% growth during the first half of 2026, a trend largely driven by electric vehicles (EVs). VinFast was remains a major contributor, selling approximately 116,000 electric cars in the first six months of the year; contributor; in September 2026, VinFast the company reported electric vehicle sales of 23,624 units. While pure battery electric vehicle (BEV) sales remain low in volume, hybrid vehicle sales experienced The VinFast VF 3 emerged as a notable surge, increasing 56% market leader, selling 6,474 units in September and 64% year-on-year for September, while the first nine months of 2026. Vietnam’s VF 8 led the D-SUV segment with 1,494 units. Total automotive market saw sales in Vietnam experienced a significant recovery in September, with total sales September 2026, reaching 35,094 units, approximately 62,590 vehicles, a 38% 22.5% increase from August. This growth was driven by passenger vehicles, which rose 47%, and commercial vehicles, which rose 19%. This recovery followed a traditional seasonal dip during the lunar month lull and was supported by manufacturer incentives and financial promotions. VinFast’s VF 3 model has emerged as seventh month. VAMA members specifically accounted for 35,094 units, a leader 38% month-on-month increase. While internal combustion engine models like the Toyota Yaris Cross lead in cumulative nine-month sales, hybrid technology is gaining rapid traction. The market rankings. Additionally, while domestic assembly remains steady, imported vehicles from Indonesia is also seeing intense price competition in the 7-seater segment, with manufacturers such as Mitsubishi, Honda, and China showed higher growth rates. Toyota offering significant discounts and registration fee support. Regional trends also showed strength in Malaysia, where EV registrations in September 2026 rose 70.7% year-on-year, bringing total registrations for the first nine months of the year to 53,537 units. year-on-year.

Versions

  1. 2026-10-15 04:21 UTC Vietnam and Malaysia automotive market growth trends
  2. 2026-10-12 00:46 UTC Vietnam and Malaysia automotive market growth trends
  3. 2026-10-11 02:32 UTC Vietnam and Malaysia automotive market growth trends
  4. 2026-10-10 01:43 UTC Honda and Suzuki automotive market trends
  5. 2026-10-10 00:34 UTC Honda and Suzuki automotive market trends
  6. 2026-09-12 01:32 UTC Honda and Suzuki automotive market trends
  7. 2026-09-07 03:11 UTC Honda and Suzuki automotive market trends

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